Question
JOHNSON TRAVEL TRAL BALANCE DECEMBER 31,2005 CASH 1300 A/R 6600 SUPPLIES 2300 PREPAD RENT 1600 FURNTURE 36000 ACCUMULATED DEPRECIATION(FURNITURE) 4900 A/P 4500 UNEARNED SERVICE REVENUE
JOHNSON TRAVEL
TRAL BALANCE
DECEMBER 31,2005
CASH 1300
A/R 6600
SUPPLIES 2300
PREPAD RENT 1600
FURNTURE 36000
ACCUMULATED DEPRECIATION(FURNITURE) 4900
A/P 4500
UNEARNED SERVICE REVENUE 600
CAPITAL 26000
WITHDRAWALS 29000
SERVICE REVENUE 106000
DEPRECIATION EXPENSE 2300
SALARY EXPENSE 39900
RENT EXPENSE 20000
SUPPLIES EXPENSE 2900
TOTAL 141900 141900
Question:What adjusting entry will jonhson make on this transection?
a.Depreciation on furniture for the month. The estimated useful life of the furniture is 2 years.
b.On december 1 the business moved into a new office and paid the first months rent as advance.Prepaid rent expired during the month.
c.Service revenue of 400 dollars were earned during the month from the services performed for clients who had pai,d in advance.
d.The salary expense is 225 dolars per-day and the business pays employees every Friday (weekly payroll is from Monday to Friday) Th,is year december 31 falls on a monday.
e.Supplies on hand at Dec. 31 400 dollars.
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